ReNew Power awards 50MW turnkey wind project order to Gamesa

The order includes delivery of 25 units of G114 – 2.0MW T106 model turbines which will be installed at Amba in Madhya Pradesh, India

Chennai, 22 November 2016: ReNew Power, India’s leading renewable energy company, has placed a 50 MW turnkey project order to Gamesa. The order will be commissioned by March 2017. As per terms of the contract, Gamesa will supply 25 units of G114 – 2.0MW T106 turbines which will be set up at Amba, Madhya Pradesh. Being a turnkey project, Gamesa will handle the entire infrastructure needed to install and operate the facility.

Commenting on the deal Mr. Sumant Sinha, Chairman & CEO, ReNew Power, added, “We are proud to partner with Gamesa and thisdeal further strengthens our faith in Gamesa delivering cutting edge technology for their wind turbines. We have recently crossed 1,000 MW of commissioned wind energy assets and our relationship with Gamesa has played an instrumental role in making this happen.”

The order forms part of the 304 MW consolidated orders announced for India vide Gamesa’s global press release.

About ReNew Power

ReNew Power Ventures Pvt. Ltd, an Independent Power Producer (IPP) company, is committed to leading change in the country’s current energy portfolio by delivering cleaner and smarter energy choices and thereby reducing India’s carbon footprint. ReNew Power’s mission is to play a pivotal role in meeting India’s growing energy needs in an efficient, sustainable and socially responsible manner. The company creates value through reliable and efficient generation of non-conventional power through innovation in solar and wind power solutions. ReNew Power has more than 3,000 MW of commissioned and under-construction clean energy capacity across nine states in India. In March 2016, ReNew Power became the first company to cross 1,000 MW of commissioned capacity in wind and solar energy in India. The company is backed by marquee investors such as Goldman Sachs, Abu Dhabi Investment Authority, Asian Development Bank, and Global Environment Fund and has raised a total equity of $650 million so far.

Gamesa in India

In recent years, India has emerged as one of the most promising wind power markets: new capacity is expected to increase to more than 30,000 MW from 2016 to 2025, driven by huge demand for electricity, according to sector consultancy MAKE’S estimates.

The new orders obtained by Gamesa in India reinforce its solid commercial positioning: according to MAKE, the company ended 2015 (CY) as the leading OEM in the country with a market share of 34%, compared to 25% in 2014 (CY), when it also was the market leader.

Gamesa’s presence in India – as technology provider and wind farm developer – dates back to 2009. To date, Gamesa has installed over 3,000 MW and services close to 2,800 MW, under O&M agreements.

With a track record stretching back 22 years and installation of over 35,800 MW under its belt, Gamesa has established itself as a world technology leader in the wind power industry with a footprint in 55countries. Its end-to-end value chain presence encompasses wind turbine design, manufacture, installation and operations and maintenance (over to 22 GW). Gamesa is also a global benchmark in the development, construction and sale of wind farms, having installed over 7,500 MW worldwide.

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